Governors of the federation’s recent boycott of the Federal Account Allocation Committee (FAAC) meeting has taken a toll on the timely payment of their workers’ salaries and other key financial ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The gates to heaven might be made of pearls; they may also be electric. Catholic Church-owned FAAC could soon ...

The Federation Account Allocation Committee, FAAC, distributed a total of N1.681 trillion as revenue generated in April 2025 to the Federal Government, 36 States, and 774 Local Government Councils ...

The Federal Government (FG), 36 states and 774 local governments (LG) shared N10.13 trillion as statutory allocation from the Federal Account Allocations (FAAC) in the first five months (January to ...

The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.894 trillion as revenue for February 2026 among the Federal Government, state governments and the 774 local government ...

The Federation Account Allocation Committee shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase from the N1.89tn distributed in February, amid stronger statutory inflows.

Amid the ongoing dispute between the federal and state governments over the shortfall in the December Federation Accounts Allocation Committee’s disbursement, the Katsina State Government has paid the ...

The Federation Account Allocation Committee shared N1.1 trillion in December 2023 to the federal, state, and local governments. Director of Press and Public Relations at the Office of the Accountant ...